Blogs
Laguerre RSI with Laguerre Filter Reversal Pattern Forex Trading Strategy for MT5
<p>Market reversals are often difficult to objectively anticipate especially for newer traders. Even seasoned traders find it as a hit-or-miss exercise at times. However, the opportunity for huge gains that such market reversals present can be hard to pass up. The strategy discussed below may help us increase our odds of identifying a correct
AUD/USD consolidates around the 0.6600 mark on the softer USD
The AUD/USD pair consolidates around the 0.6600 mark during the early Asian session on Monday.
Russia passed Saudi Arabia as biggest supplier of crude oil to China in 2023
<p>Data released from China on Saturday showed that Russia became China’s top crude oil supplier in 2023, exporting far more than other major oil exporters such as Saudi Arabia.</p><p>China is the world’s biggest crude importer.</p><p>Chinese customs published data showing Russia shipped a record 107.02 million metric
US & UK talks on intensifying targeting Houthis in Yemen. Risk is escalation with Iran.
<p>The US and UK are discussing ways to escalate their attacks on Iran-backed Houthi terrorists operating out of Yemen.</p><p>The allies want to step up their campaign without triggering a broader war (with Iran), such as:</p><ul><li>targeting Iranian resupplies</li><li>launching more aggressive pre-e
Economic calendar in Asia Monday, 22 January – People's Bank of China rate decision day
<p>It's a near-empty agenda for the session here in Asia to open the week. </p><p>The People's Bank of China sets its Loan Prime Rate (LPR) for the one- and five-years.</p><ul><li>Due at 0115 GMT, which is 9.15 pm US Eastern time.</li></ul><p>The LPR plays a vital role in determining i
US 2024 Presidential Election will be Biden vs. Trump (Desantis drops out, Haley wildcard)
<p>Florida Governor Ron DeSantis has admitted defeat and dropped out from the race to be the Republican candidate for President. </p><p>He was facing a mammoth task to beat Trump for the nomination, but I am surprised he quit so soon. </p><p>This still leaves Nikki Haley as a contender against Trump. Polls I've se
Trade ideas thread – Monday, 22 January, insightful charts, technical analysis, ideas
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
Monday morning open levels – indicative forex prices – 22 January 2024
<p>Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.</p><p>As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there.</p><p>Indicative rates: